Property profile

0 Rte 17 & Ml Dr Fredericksburg, VA 22408

OFF-MARKET
Land
18 ac lot
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Property summary

AI-generated overview

This exceptional 18-acre vacant land parcel presents a unique investment opportunity in Spotsylvania County, Virginia. Situated at the intersection of Route 1 and Route 17/Mills Drive, this property boasts a high traffic count of 55,000 vehicles daily. The land is part of Cosner's Corner, the largest mixed-use development in Spotsylvania County, currently encompassing over 980,000 square feet and projected to reach 1.5 million square feet upon completion. This thriving development includes a new residential community with over 400 units, and the VYSA and FASA Soccer Complex, attracting over 250,000 visitors annually. The property's strategic location offers close proximity to significant amenities, including the Spotsylvania Regional Medical Center (a 126-bed hospital) and Germanna Community College (6,000 students). Phase I of The Haven at Cosner's Corner luxury apartments, comprising 256 units, is complete, with Phase II adding more than 100 additional units. One-acre pad sites are available for sale or lease, making this an ideal location for a variety of commercial ventures, benefiting from the high visibility and substantial foot traffic generated by the surrounding development. The property's address is Route 17 & Mills Drive, Fredericksburg, VA 22408.

Property profile

Verified
Property type Land
Lot 18 ac (784,080 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Rte 17 & Ml Dr Fredericksburg, VA 22408
Fredericksburg metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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